Has any stadium/arena in the US or Canada been built without MASSIVE public money involved? I would hazard a guess that none have.[/QUOTE]
Unfortunately you are mostly right. Outside of the Air Canada Center, MetLife Stadium, Busch Stadium and Bank of America Stadium, most stadiums are publicly funded. It is not as big a problem here in Canada but it is a huge problem down in the states (check out
www.fieldofschemes.com). The new stadiums in Regina and Winnipeg are for publicly owned teams so that is not such a big deal. For some reason all you have to do is start a team and then have the public build you a place to conduct your business (Ottawa). What a hell of a plan and we suckers jump right in because it is "our" team. No wonder MLSE wants a NFL team. They know that they will be able to scam the good citizens of Toronto into building them a billion dollar asset for their business.
While I am a big fan of private enterprise, I really think sports teams should be community owned. They would be city owned just like parks, museums and libraries. We own the teams and we build the arenas. No more giving billion dollar arenas and stadiums to billionaires just so we can root for "our" team in a really cool place. There really is no benefit to private ownership in sports leagues. Too bad the City of Toronto did not step up to buy MLSE when they had the opportunity. It would have made a nice investment.